Page 24 - ARUBA TODAY

Thursday 16 February 2017 BUSINESS
A24

Health insurer Anthem fires back at Cigna over buyout fallout

TOM MURPHY Wednesday that it is seeking breaches of the merger tion bids as a way to grow surance exchanges.
AP Health Writer a restraining order to block agreement. enrollment, cut costs and But the deals drew concern
INDIANAPOLIS (AP) — its smaller rival from termi- The two companies an- reap savings that they over their potential impact
Health insurers Anthem and nating their deal, which has nounced Anthem’s plan would then pass on to con- on prices and competition
Cigna are now trading law- already been blocked by a to buy Cigna in 2015 a few sumers. They also said the in insurance markets. The
suits instead of working to- federal judge. weeks after two other in- deals, which would have Department of Justice sued
gether to salvage a shaky Cigna announced Tuesday surers, Aetna Inc. and Hu- consolidated the nation’s last summer to stop both
$48-billion buyout agree- that it was suing Anthem mana Inc., announced a five largest insurers into acquisitions, and separate
ment. and seeking more than separate deal. three, would help stabi- federal judges recently re-
The Blue Cross-Blue Shield $13 billion in damages for Anthem and Aetna had lize business on the Afford- jected them after trials held
carrier Anthem said what it says were Anthem’s touted their huge acquisi- able Care Act’s public in- late last year.q

Softbank adds Fortress Investment to growing empire

YURI KAGEYAMA Vision Fund plan for invest- including artificial intelli- Things,” which links devices tise and world-class invest-
AP Business Writer ing in leading technologies gence and the “internet of through the Internet. ment platform,” Son said in
TOKYO (AP) — The $3.3 bil- a statement.
lion acquisition by SoftBank Tokyo-based Softbank has
Group Corp., the Japa- been aggressive in global
nese telecommunications, acquisitions and has been
internet and solar energy seeking partners for its
giant, of Fortress Invest- private fund for technol-
ment Group marks tycoon ogy investments that it says
Masayoshi Son’s latest step may grow to $100 billion.
in building an investment Son appears determined
empire. to deliver on his promise
Son said the deal, an- to President Donald Trump
nounced by both sides to invest $50 billion in U.S.
Wednesday, will imme- startups and create 50,000
diately contribute to his jobs.
strategy for growth and In buying New York-based
complement his Softbank Fortress, he is betting more
on Fortress’s wide ranging
Classified expertise and heft in global
investment than on gain-

Time Share Resale ing any edge in the tech-
nology sector: the U.S. in-
Special of the week vestment house has largely
Marriott Ocean Club focused on finance and
2x Two bedroom Platinum real estate, leisure indus-
Ocean Front A shopper standing on an escalator passes by the company logo of SoftBank at an electronic tries, transport and other
Price:$23K each. shop in Tokyo. The $3.3 billion acquisition by SoftBank Group Corp., the Japanese telecommuni- infrastructure.
Call:(297) 630-1307 cations, internet and solar energy giant, of Fortress Investment Group marks tycoon Masayoshi Private equity accounts
Johnnypaesch@gmail.com Son’s latest step in building a technology investment empire. for nearly two-thirds of the
______________________________________ (AP Photo/Shizuo Kambayashi) company’s investments.
REAL ESTATE “Fortress’ excellent track Softbank’s shares jumped
www.suncaribbeanrealty.com record speaks for itself, 1.6 percent Wednesday
+297 593 8082 and we look forward to in Tokyo trading. Shares in
brand new home with pool, 3 benefiting from its leader- Fortress were up 6.5 per-
bedrooms, 2 bathrooms ship, broad-based exper- cent late Tuesday. q
Location Papaya, Paradera
Land sq.ft 5145 built sq.ft 1248
Price $246,068 Dutch bank ABN Amro sees
________________________________206888
REAL ESTATE profits grow in fourth quarter
www.suncaribbeanrealty.com
+297 593 8082
Tropical Villa with pool, 4 bed- THE HAGUE, Netherlands cial crisis, said Wednesday
rooms, 3.5 bathrooms (AP) — Dutch bank ABN that operating income for
Location Catiri, Tankileendert- Amro says its underlying the fourth quarter rose 7
Land sq.ft 11840 built sq.ft 4101 net profit, which strips out percent to 2.2 billion euros
Price $550,562 exceptional items, rose 23 ($2.3 billion).
________________________________206888 percent in the fourth quar- CEO Kees van Dijkhuizen
REAL ESTATE
www.suncaribbeanrealty.com ter of 2016 to 333 million eu- says that in the last quar-
+297 593 8082 ros ($351 million). ter the bank “achieved
family home with 3 bedrooms, The bank, loan growth in all of our
3 bathrooms which has been restruc- major loan books: we were
Location TankileendertLand tured and re-privatized the number one provider
sq.ft 4348 built sq.ft 1571 following its bailout by the of new mortgages in the
Price $233,147 Dutch government in 2008 Netherlands for the second
during the global finan- consecutive year.”q
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